According to Massachusetts Attorney General Martha Coakley, Occidental Fire and Casualty Insurance Company has been charging Boston drivers excessive rates on their car insurance. On Monday, the company was barred from practicing a slew of alleged illegal rating practices.
The AG’s office used its authority under the Consumer Protection Act to stop what it deems to be illegal practices. Coakley says the proposed rates were not justified and violated several Massachusetts statutes.
The company will be able to begin writing policies on April 1 and a hearing is set for April 30.
AG: Urban Drivers Targeted By Insurance Co., The Boston Channel, March 31, 2009
Our Massachusetts motor vehicle accident attorneys have negotiated millions of dollars in insurance claims. Contact us for a consultation.